Miscellaneous

Slough Estates PLC
                  

4th November 2004

For immediate release

SLOUGH ESTATES plc

SLOUGH ESTATES' ASSOCIATE TIPPERARY CORP SETTLES LITIGATION

Slough Estates plc, a leading provider of flexible business space, today
confirms that Tipperary Corporation, an independent oil and gas company in which
Slough Estates has an investment of approximately 54%, has agreed to settle
outstanding litigation with Tri-Star Petroleum Company and its owners.

Slough Estates will now consider its options for exiting from this investment in
the coming months.

For further information contact:


Slough Estates plc                                Shared Value
Ian Coull, Chief Executive                        Andrew Best / Emily Bruning
Tel: [phone]                                 Tel: [phone] / 5027


Slough Estates is a leading provider of flexible business space in business
parks in Western Europe and North America, with over 1700 customers occupying
2.9 million square metres of business space, with a total value of £3.6 billion.
Slough Estates' properties are in suburban locations in close proximity to the
main business centres, where there is long term demad for business accommodation
to serve these key economic regions. The company's main activities are currently
based around London, Brussels, Paris, Düsseldorf, San Francisco and San Diego
and the company continues to develop new business parks with the long term
objective of building shareholder value and enhancing its reputation for quality
buildings offering excellent value to customers.

www.sloughestates.com